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" starts right now. >>> all right. thanks, rand i. see you at the top of the hour. the economy is getting better, and that changes everything for the republicans. good morning, everyone. i'm christine romans. for four years the gop blasted the obama economy. he made it worse, they said. his policies were ruinous. the recovery wasn't too slow because of the severity of the financial crisis, no, it was because of the man at the top. three reasons now why every day that argument by the gop is harder to make. first, the economy is picking up speed. gross domestic product, the broadest measure of the u.s. economy grew 2.7% in the third quarter, much better than the 2% originally report. next, housing is healing. home prices jumped 3.6% in the third quarter, the biggest year-over-year increase in more than two years, according to the s&p case schiller index and energy is booming. new drilling methods are generating jobs and growth. 1.7 million jobs created, 2.5 million jobs creed up over the next year and added up americans see better times ahead, why consume are confidence is at a four-year hi
to focus on this major threat to the economy. i wish others had. it would have given us more time to fix this major problem. at least now there's a focus on one thing and one dangerous man. a man who is not elected. who has never run pour office and is standing in the way after potential economic disaster. he's the ideological godfather of the tea party. grover norquist has been the driving force behind the anti-tax movement. his goal, to take big government and, in his words, drown it in the bathtub. norquist's weapon is the taxpayer protection pledge, which was at one point signed by 95% of gop members of congress. >> can you raise your hand if you feel so strongly about not raising taxes? >> on the campaign trail this year, only one republican presidential candidate, jon huntsman, dared to cross him. norquist has clout. he's called the most powerful unelected man in america today. >> he signed a pledge, it's without congress. >> that pledge is for that congress. >> i'm not obligated on the pledge. >> republicans are jumping ship and supporting unspecified r revenue hikes to help cut t
>>> tonight, battleground america. the looming fiscal cliff and the fight to save the economy. in his first interview since the big romney loss, i will ask reince priebus if his party is out of touch with the country. plus his plans to fix the gop. >>> plus president obama's tax push. he wants the rich to pay up but is it fair? >>> and one of the most influential spiritual leaders in the world, america's pastor, rick warren. he was there at barack obama's first inauguration. will he be there again? we're talking politics, same sex marriage and the "two and a half men" star whose christian conversion has him attacking his own show. this is "piers morgan tonight." >>> good evening. our big story tonight, countdown to financial doomsday, the fiscal cliff and the clock is ticking. 35 days left before this massive sweeping tax hike. america's now at the mercy of washington, hoping that both sides can end the fighting and make a deal. anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his part
and reach an agreement that's going to be good for the country and for the economy. >> then what now? with democratic senator mark warner and kelli ayote. benghazi and obama's second term. with montana governor brian schweitzer, and former hewlett-packard ceo carly fiorina. and susan page of usa today. i am candy crowley. and this is "state of the union." republicans call the fiscal cliff plan a joke, an insult and break from reality. suffice it to say, it is unacceptable to them. the president's opening round offer includes $1.6 trillion in new taxes, $400 billion in savings from medicare and other entitlement programs, $50 billion in new stimulus spending, and an additional $285 billion to fund depreciation and mortgage programs, unemployment insurance benefits, and payroll tax cuts. >> this extra spending, that's actually greater than the amount they're willing to cut. i mean, it's -- it was not a serious proposal. >> while his aides were on capitol hill offering up the opening bid, the president was making his case in pennsylvania campaign style. >> at the end of the day a clear
for regional power. israel has the most powerful economy and military, but lacks political power for obvious reasons. turkey has economic and military power, but it also has growing regional clout. egypt is the natural leader of the arab world but it's not in a position to dominate. its economy is shambles, its military is second rate. the public opposition has been reassuring. the middle east is a complex region that is changing fast. grand generalizations about it are likely to be undone by events. but it is a more vibrant, energetic, open, even democratic place than the middle east a generation ago. for more, read my column in this week's "time" magazine. let's get started. >>> it was a week filled with tension and violence in egypt. there were mass protests after morsi issued a decree neutering the judiciary. there were demonstrations in his favor, and a constitution was drafted that spurred protest on the street. what to make of it all? two of my favorite scholars are with me. welcome, guys. conventional wisdom is this is a power grab by morsi. is that accurate? >> his dclaration gave h
was spent on other forms of products and services in our economy, the return, the economic growth from that would be immensely higher, they talk about not making the money from a small amount of players. the new york times, reports that 80% of lottery money comes from lottery players. it is a predatory business, and it is a deception. >> there is one exception i would take to that. here is the facts, is that lotteries in states began to do lotteries because people have a desire. we do $68 million in lottery business in fiscal year 2012, more than the movie and music industry combined. we have nearly 70% of people playing the lottery at some point in time. if we didn't have state lotteries, the integrity is above reproach, but if we didn't have it. people would find ways to gain, they would do it illegally. the mafia, that was the problem, people took over, as you look at the future and things going on with that. that is important, integrity, and oversight, to make sure you don't over-promote things. >> a fascinating debate, thank you for joining us. we'll have to take a break, and back
's not in a position to dominate. its economy is shambles, it's i it's military is second rate. the public opposition has bng reassuring. the middle east is a complex region that is changing fast. it's more vibrant and even more democratic place of the middle east a generation ago. you can read my column in this week's time magazine. let's get started. >>> it was a week filled with tension and violence in egypt. there were mass protests after morsi issued a decree neutering the agenda. what to make of it all? two of my favorite scholars are with me. this is a power grab my morsi. is that accurate? >> every decision he makes is now free of any possibility of judicial review. really the game is kind of moved beyond that now. what is motivating people to protest is not the declaration but it's the new institution that his allies have rushed through. >> steve, what is the army's role in all of this. that's the piece people don't understand. you have morsi and the isz lam brother head. you have the liberals who are opposing it. where does the army stand? >> the military has removed itself from the politic
the investment into the economy. there is an argument that it didn't work under fdr. war world war ii bailed us out. rather than that. so, i'm a small business guy, i'm a simple guy. i don't have a lot of sophisticated looks on things. i know that i have 350 employees and if you raise a bunch of taxes on me, i don't have as much money to hire people with. some people act like i'm trying to get richer and not hire people like i'm a greedy jerk. it helps me to grow my business and help more people. to me, it seems like it constricts the economy to raise taxes. >> i want an honest answer here. have you bought a ticket? >> you know, i have never done that. i have done so many stupid things with money. but i've never done that one. >> well, you are missing out on a lot of fun. killjoy. >> it is good to talk to you. and you make a lot of sense. >> coming up. and the fiscal cliff again. turning into one of mit romney's top money men. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better th
office, bowles has a good reason for saying what he did. the economy would go into a recession, economic output would drop and unemployment rate would go back up to 9.1% by the end of next year. now, the clock is ticking. john and harry, get out of the sand box. 33 days are left. peter difazio of oregon is "outfront" tonight. let me just get a response from you about timothy geithner's plan that he put on the table. 1.6 trillion in revenue. $400 billion in cuts. i'm a little confused because the president said he will give $2.50 in spending cuts for every dollar in revenue. this is, this is the opposite. >> well, finally, the white house has learned not to negotiate with itself, but with the opposition, which is the republicans. remember, there is no real cliff. on january 1st, the only thing that goes away is the social security tax holiday and nobody is seriously talking about continuing that. all the other tax increases don't take place until sometime around march. gives congress plenty of time to rekrit them, but that's $4 trillion of additional revenues. so okay, we're going to cut
for the economies in our states, as you're thinking about other changes, whether it's in the tax code or whether it's in cuts, if states are affected, we ought to have a seat at the table. that was really our message to all three. we said at the outset we're not embracing one plan or the other. i believe that they clearly want to get it done and we're hopeful that they will. it's important that they get it done soon. >> right. governor herbert, they've got to get it done because if they don't get it done, then it's going to rebound badly on your party more than the democrats because all the polls say that two-thirds of americans would blame the republicans for not getting this done, which may or may not be fair, but that's politics and that's reality. now, the sticking point on your side seems to be look, we don't want to have a plan that we sign up to that means 2% of the wealthiest americans have to pay more tax and certainly not without the kind of spending cuts we're looking for. but america doesn't agree with that, either. america, two-thirds of all people polled say they're quite happy for th
, in order to protect small businesses and our economy. instead, new revenue would be generated through progrowth tax reform that closes special interest loopholes and deduksz while lowering rates. i'm going to guess that is the very line that the white house is going to say no deal to, right? >> so let me understand. if, in fact, we want $800 billion in new revenues, and we can do that through closing loopholes, limiting deductions for the wealthy in this country, and we're going to not have a deal because it's not a rate increase, but rather taking the same amount of money from the same people and we're going to say no to that? >> well, there are people who said, the math doesn't work out. closing the loopholes doesn't get you enough money. >> soledad, i've been studying this for seven years. that's bologna. there's -- it's easy to get $800 billion out of the wealthy in this country by limiting deductions and taking away options that are specifically benefiting only the well off in this country. >> case, but -- >> all you have to do is -- for example, people making more than $250,000
. >> if there's another way to get income from upper income americans that doesn't hurt our economy, then why wouldn't we consider it. >> those are publicly unchanged deadlines. whether political theater or political reality, there's more to going over the fiscal cliff far beyond hypothetical. >> i think we're going over the clif. >> if they are going to force higher rates on virtually all americans because they're unwilling to let tax rates go up on 2% of americans, then that's the choice we have to make. >> emily joins us live from washington and so ellie, did anyone on any of the talk shows offer something resembling a bipartisan deal, or was effort just negativity? >> when the weekend began, an official who's very familiar with this -- as we saw on the talk shows today, there's no word that anything has been added to anyone's calendars in the past couple of days. so is there hope a deal can be reached? certainly that hope is still alive. but is there a timeline in place as to when it will happen, that's not known. >> emily schmidt, for us live in washington. thanks so much. >>> a series o
, there is progress in some key sectors of our economy. we've seen housing finally begin to bounce back for the first time and that obviously has an enormous ripple effect throughout the economy. consumer confidence is as high as it's been. many of you, over the last two or three years, have experienced record profits or near record profits and have a lot of money where you're prepared to invest in plants and equipment and hire folks. obviously globally the economy is still soft. europe is going to be in the dulldrums for quite some time and i think what all of you recognize and many of you have told me is that everybody is looking to america. because they understand that if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, then confidence will not just increase here in the united states, it will increase globally and we can get the kind of virtuous cycle that we all want to see. what is holding us back right now, ironically, is a lot of stuff that's going on in this town and i know that many of you have come down here to try to see,
're going to talk about the fiscal cliff, we're going to talk about the global economy. we're going to talk about the civil war in syria. we'll talk about the royal baby coming soon. first we want to get right to zoraida sambolin for an update on the day's top stories. >> soledad, the fiscal cliff debacle, with 28 days remaining before drastic tax hikes and spending cuts take effect, a republican spending plan has been rejected by the white house. brianna keilar is live from washington. what now, brianna? >> well, right now it's about the pressure building and the clock kicking, zoraida. as house republicans in the white house try to ultimately broker a deal between two very different plans. house speaker john boehner's counteroffer, if you take a look at the headlines from this $800 billion in what would be savings from tax reform. so that is new tax revenue. but not done by increasing income tax rate on the wealthiest. but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medica
wealthy americans are the ones who are creating the jobs and helping to turn this economy around. that remains the big sticking point. those bush era tax cuts, white house saying it should be extended for middle class americans but not for those upper income americans, carol. >> how seriously should we take these negotiations? both sides are negotiating in public, not the greatest way to negotiate in the world, right? >> reporter: right. you sort of have to take it based on the information they give you. there's a lot that goes on behind the scenes. we've seen this play out over the last four years where both sides will sort of throw these sharp elbows publicly, but then they do hammer something out. we do have to take it seriously. you have to get a sense that both sides understand the serious nature of this fiscal cliff and they do want a deal to get done. so they are looking for ways to find some kind of agreement. they are looking at outside groups today as well. the president will meet with half a dozen governors, arkansas, minnesota, utah, wisconsin, republican governor fro
'll be impacted, won't be able to put more money into the economy, won't be able to help turn the economy around. so that really is sort of the big sticking point. the white house refusing to budge from it at this point. we'll see where it goes in the next coming days. >> topic two, that is that the president is meeting with the leaders of the national governors association. i have the lineup here. a lot of people haven't heard of some of those folks. jack markell, dayton, beebe, gary her bet of utah, mary fallin of oklahoma and wisconsin's goff scott walker who i think a lot of people are familiar with. the question is why are they there, what do they want and why wh -- what do they want to say? >> a lot of reasons. the president wants to make his case to them, and then in turn hopefully that they will go up on capitol hill. of course, some of them will be meeting with house speaker john boehner and senate majority leader harry reid. so the hope is they will put pressure on their lawmakers from their states to get a deal done. but also this is a chance for these governors to talk about the fact
taxes which we think would be harmful to the economy. and if you look at how much revenue that raises, $68 billion next year, that funds a government for less than a week. and it does potential significant harm to the economy and raises taxes on the very people we are asking to go out and create jobs. >> dick durbin says when you're talking about entitlement reform or cuts in spending for medicare, medicaid for example, he says that's too complicated now. listen to what he said this morning. >> when it comes to medicare, we know that it's going to run out of money in 12 years. whatever changes we want to make should be thoughtful changes not made in the heat of the fiscal cliff. >> can you defer medicare for example -- medicare reform until after you get a deal on the fiscal cliff? >> well, if we do that, wolf, i think what you have to do is also defer the issue of taxes. i think you extend tax rates some time into the foreseeable future whether that's six months or a year and allow us to go through the process where we can deal with entitlement reform and tax reform in regular order.
overseas. mitt romney hitting the president for his handling of the economy, saying in essence the president had set the economy on a reverse course, put it in reverse. now they're sitting down. most likely it will be a much different tone this time around. the president has said there are things he would like to talk to mitt romney about, ideas such as job creation for middle class americans. he also has pointed out that mitt romney did a good job in turning the olympics around. these are things that perhaps could work in the federal government streamlining federal agencies. a different tone as both men sit down. we will have no cameras there so we won't be able to witness it. >> such a disappointment. you mentioned this, dan. there have been jokes about a potential cabinet position for romney. here is how white house press secretary jay carney responded to that one. >> is governor romney here tomorrow in some kind of cabinet-level position? some kind of audition for that position? >> no, no, no. >> okay. so i know it sounds ridiculous. but wouldn't it be nice if, like you sai
businesses, hurt our economy, it is why this is not the right approach. >> now, you can disagree or agree with that position. however, keeping them honest, house speaker john boehner and other top republicans have been trying to justify it, in part by playing down the fact that president obama and democrats got a significant boost from voters. >> in politics, there is always a temptation among those who win office to think that they have a mandate to do what they will. >> i don't think so, because they also reelected the house republicans. so whether people intend it or not, we have got divided government. >> the american people have also made clear that there is no mandate for raising tax rates. >> keeping them honest, president obama campaigned and won on letting taxes go up for the top earners. so his victory throws a little cold water on that claim. democrats gained seats in the senate and the house, and recent cnn polling shows that more than two in three people support tax hikes for the wealthy. it is a reality that republicans will be dealing with from now until new year's day. joi
will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked to the president about many of them. you can can look at
effects on the economy. the other area that democrats want to raise taxes are on investment income, things like capital gains, dividend income. now, those will jump significantly. here's the thing. very few of these benefits affect middle class workers. it does affect the higher income earners and the question you have to ask is will it affect their spending patterns and the thinking amongst democrats and among many liberal economists is that you don't spend the marginal money that you earn in the same way you spend the core money that you earn, so the impact won't be as big. it's not to say that there's no impact and it would be better for the economy if we were not raising taxes on anybody and possibly lowering taxes, but there's a doomsday scenario that's been put out there about what would happen if you raise taxes on the top 2%. we don't have a lot of studies to back that up. >> you say not a lot of studies to back that up because that is the principle republican argument. they say the recovery is so weak, if you raise taxes on the top 2% right now you will hurt the job creators at a
which means fewer jobs and that can drag our entire economy down. now, the good news is, there's a better option. right now, as we speak, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody's. and that means that 98% of americans and 97% of small businesses wouldn't see their income tacks go up by a single dime. 98% of americans, 97% of small businesses would not see their income tacks go up by a single dime. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. so it's not like folks who make more than 250 aren't getting a tax break, too. they are getting a tax break on the first 250 just like everybody else. families and small businesses would, therefore, be able to enjoy some peace of mind heading into christmas and heading into the new year. and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way, including asking the wealthiest americans to pay a little more so w
paid down and start growing the economy again. that's not unusual or new to any of us. nobody in the country. so i think the president is sticking to what he said throughout the campaign and as i said 3 million more people voted for him than voted for the other guy. >> with that said, on taxes, if there's any chance on your side, is there any chance on your side to come down to the form of a smaller tax hike on incomes above $250,000 or would you consider keeping rate it is same at $250,000 and raising them only on higher incomes, say half a million or $1 million a year? >> i think it's all part of the negotiations. we know where the president is and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000, some say even a million. all of that is going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he will do that. but the president stands at 250. which is below even where i was but he won the election. so i'm going to respond to the president though it's a number diffent from
. >> the concern people have is the world economy is in a very fragile state right now. i don't have to say what the problems of the eurozone have, they're very manifest. but the global economy as a whole, there's a lack of confidence, a worry about where it's going. so if you in america, and people have a lot of confidence in america in this regard, if you can sort out this issue, then even though that doesn't sort out all the problems of the american or global economy, it would be a big boost and give people a sense of confidence that there was -- you guys have got your act together. the decisions were being taken, and i think it will be good for you and good for us. so i hope you do it. i believe you will. i know right now there's bound to be tough negotiations. the president has been re-elected and i think that gives the situation its own special momentum. i hope you resolve it and then we're going to have to take some tough decisions over our way, too. >> very quickly. there was a cute video of hillary clinton here in washington over the weekend, and it had a clip from you in there. i'll pl
of the real economy and allow the government to grow and grow. that's always a bad idea. that's not a good idea some years and a bad idea others. leeches, doctors don't put leeches on people ever, it's wrong. don't do it. it doesn't make people stronger. raising taxes, taking money out of the economy, damages the economy, kills jobs, reduces opportunities. >> you know, the latest cnn polls that just came out this week say you're wrong. two or three americans, including a majority of republicans, say the fiscal cliff should be addressed with a mix, a mix of spending cuts, yes, but also tax increases and if there's no deal according to these polls, they're going to blame republicans more than they blame the president. all the best evidence right now suggests the public wants to see the republicans compromise on this tax question. so from a political standpoint, is it okay for lawmakers to ignore the pledge that they gave earlier? >> well, the challenge is that the pledge that they made and that every two years comes up again in campaigns, this is not an ancient pledge, these are pledges that
to the economy. that's what he did in the primary and that's what he said he was going to do from the beginning. he just executed a plan that didn't work. the very people criticizing him were the people supporting him saying he was going to win. >> we just talked to senator john cornyn, he said he's pessimistic that they will get a deal. >> my view, we all agree that we're not going to raise taxes on people that make less than $250,000, we should take them out of this discussion right now, and continue to fight against any rate increases and continue to work honestly for a better deal. >> that's what the president wants, extend them for everyone under $250,000. i'm curious what you think. do you think that someone like cornyn, someone like boehner is the right leader for the party, or someone more like what cole is saying? >> there is a strategy to putting together a deal and that goes for, in washington, d.c. or, you know, in your private life. and that is you don't give the other side everything they want and then negotiate the rest of the deal. that's sort of a problem. you have things that
are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. we learned today that the president will be hitting the road campaign style to push his plan to raise taxes on income above a quarter million dollars a year. he'll be speaking friday at a factory in pennsylvania. the house speaker john boehner's office today announcing something similar. congressional republicans holding events in washington as well as back in their home districts to frame the president's tax plan as a threat to new hiring. but some republicans as you know are already hinting they're open to eliminating deductions even if it means breaking that pledge that the lobbyist grover norquist has been getting law makers to sign for years. joining us now to talk about it all, grover norquist, president of americans for tax reform. grover, thanks very much for coming in. >> good to be with you. >> the trend we're seeing now from members of congress questioning or pushing back on the pledge. we've seen it before to a certain degree, but we're see
economy and hurt job creation in our country. this is not good for our country. as simple as that and the president understands it. >> they're saying president needs to get in there, needs to negotiate with democrats into line if necessary. is that not happening. are you hearing congresswoman schwartz, from the president as all? >> let me say the administration is keenly interested in working with the senate and the house to get this done. the fact that the president is out and sulactually out in my district on friday morning talking to people what about is at stake for this country, for their families and the nation is something very important for him to be doing. always engaging the voters, the public is an important thing to do. and at the same time we should be and are having broad discussions about how we move forward. what we really need is we need republican leadership. just quoted them, mitch mcconnell and john boehner, to actually be sitting down and saying, look, there are places where we do agree. let's start where we agree. let's begin to have that discussion.
and is fair. that would be good for businesses, for our economy, for future generations. i believe both parties can and will work together in the coming weeks to get that done. we know how that gets done. we're iffing to have to raise a little more revenue. we got to cut on the spending we don't need, building on the trillion dollars of spending cuts we've already made, and if we combine those two things, we can create a path where america is paying its bills while still being able to make investments and the things we need to grow like education and infrastructure. so we know how to do that, but in washington nothing is easy, so, you know, there's going to be some prolonged negotiations, and all of us are going to have to get out of our comfort zones to make that happen. i'm willing to do that. i'm hopeful that the members of congress in both parties are willing to do that as well. we can solve these problems. but where the clock is really ticking right now is on middle class taxes. at the end of the year middle class taxes that are currently in place are set to expire. middle class ta
know, kick into place that can plunge the economy back into recession. and you have the house speaker saying this white house proposal, the one he received just a matter of days ago, isn't even serious. gloria borger, our chief political analyst, let me bring you in here. one of the questions is does it seem to you that the president feels as though he has some leverage here? he won the election, right? >> he did. >> maybe that accounts for what's in his proposal. >> yeah. this is clearly a different president obama than the one we saw during the debt ceiling negotiations or even after the midterm elections in 2010 when he felt a little weakened and there was the extension of those bush tax cuts for the wealthy. so i think when you're seeing here is a president who put this on the table, trying to please his base, okay? which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a d
weeks. it could send the economy spinning in directions. $1.6 trillion in tax hikes. he will travel to pennsylvania to sell it to you. republicans aren't buying it. listen to house speaker, john boehner. >> despite the claims the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> democrats are firing right back at boehner. harry reid getting a little personal. >> i don't understand his brain, so you should ask him. okay? >> ouch. athena jones live from washington. same old same old. where do we go from here? >> that's the big question. the nice talk after the election is pretty much gone away. you mentioned one of the big sticking points, that's taxes. republicans and democrats can't agree on how to raise the tax revenue? end the bush tax cuts for the wealthy, close the loopholes, raise the capital gains taxes or all of the above. right now, they can't agree on how much money should be raised on the revenue side. let's listen to more from harry reid about the democrats stance on this. >> we are ready to protect middle class fam
will also make the case that this fiscal cliff will have a negative impact on the overall economy and he will push these business leaders to support his approach. soledad? >> dan lothian, in washington, d.c., for us, thank you. >>> just a few minutes we'll be chatting with stephanie cutter, the woman who helped manage president obama's re-election campaign. we'll talk more about the fiscal cliff. >>> first a look at other stories that are making news today. zoraida has that for us. >> good morning to you. the death toll in the philippines is rising this morning. typhoon bopha moving toward beach resorts in the northern part of the country and right now it is packing winds over 90 miles an hour. that storm has already caused massive flooding and landslides in the southern philippines. dozens of buildings have been destroyed and the death toll stands at 133 with hundreds more still missing. >>> meantime in rain soaked seattle there are concerns about more mudslides. meteorologist karen maginnis joins us live from atlanta with the latest. they cannot get a break. >> they really can't, and f
of their money to the federal government without raising tax rates which we believe am harm our economy. >> one conservative in the senate is breaking ranks with his party over the whole idea of raising tax rates with the party. tom coburn told msnbc today he would be okay with doing what the president wants, raising taxes on the wealthy, as long as it is coupled with entitlement reform and spending cuts. the reason we're told is because he believes at this point it's better to do that to get what he and other republicans want long term, which is a fundamental overhaul of the tax code, perhaps they can get that if they give the president what he wants now. you remember, coburn was among the first republicans a couple years ago to say it was okay to raise revenue. now he appears to be the first senate republican to say he would be okay with raising rates as long as it's part of that package we described. >> a meeting or a phone call between john boehner and president obama, is that at all in the works? >> as far as we know, no. whether it's in the works, we could only hope, at this point we do n
that that would not be good for the economy. so i think we're dealing with a degree of artificiality right there. >> congressman keith ellison, thanks for joining us. >> any time. thank you. >>> for more on this, let's bring in our cnn political contributor and republican strategist, mary matalin and cornel belcher, democratic strategist and pollster with the obama 2012 campaign. mary, what do you make of the details of this opening bid from the white house? republicans have already dismissed it but does it give us any clues at all about what an eventual deal might look like? >> it's reported that mitch mcconnell, senate minority leader, burst out laughing when he heard it. it's not even worthy of a laugh. it's really sad, it's pathetic. we went from a reasonable theoretical $3 in cuts for $1 in revenue which was basically the simpson-bowles, and are now at $4 of real and immediate tax increases plus new spending for in the future unspecified, uncertain cuts to we don't know what. how could anyone take that seriously? i don't even -- i thought we were doing a kabuki dance. this is not a kabuki d
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